“Our Oracle legacy work is going down,” Raymond commented. But instead of seeing a decline in the business, customers “are moving legacy applications to the cloud—we are seeing that business grow, which was not expected.”  Currently, 75 percent of the Oracle business is “cloud focused” on an annualized rate, executives said. Executives did not spend much time discussing the Dynamics business in detail, but Raymond reported that in two years, “the Microsoft business is up about 30 percent." Alithya lost $1.8 million for the most recently ended quarter, sharply decreased from a loss of $5.4 million a year earlier. Alithya’s  third-quarter revenue were $66.2 million an increase of 13.9 percent from $58.2 million in the prior year’s corresponding period. Raymond noted the company has been transformed by growth. Five years ago, three customers produced more than 50 percent of revenue. Now, no single customer accounts for more than 10 percent of revenue with 40 percent coming from the United States. Important acquisitions included Edgewater with its Fullscope Microsoft reselling and Ranzal Oracle business in January 2018. Alithya expects the December purchase of Travercent, an Oracle consulting firm, will spur growth in that area. He also noted this month’s acquisition of Askida, which he said gives the company the in-house automation to test systems “to make sure nothing is broken” when businesses receive cloud software updates.